445 Prospect AveAvenelNJ07001
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Avenel at 445 Prospect Ave, Avenel, NJ, 07001 offers $3,605/mo rent that, after a $2,932/mo payment. Total monthly income is $3,605/mo. Return on cash invested measures 16.01% in year one, and rental yield stands at 7.22% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 83.17% and total cumulative return in cash reaches $163,906. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,605/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07001, Avenel, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,633 (100%) |
| Owner Occupied HU | 2,618 (39.5%) |
| Renter Occupied HU | 3,669 (55.3%) |
| Vacant Housing Units | 346 ( 5.2%) |
| Median Home Value | $396,525 |
| Average Home Value | $443,209 |
Housing Distribution
Address Breakdown
Residential
5,760
Single Family
5,050
Multi-Family
710
Businesses
418
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Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2601286R